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  • EUR/USD briefly breached the 1.10 support to record fresh 4-week lows earlier in the day.
  • Spot needs to regain the 55-day SMA in the 1.1040 area on a sustainable fashion in order to reassert the upside pressure and therefore allow for attest of the 100-day SMA just above the 1.11 mark.
  • A clear of the 1.10 area on a convincing note should put the 1.0930 zone back on the radar.

EUR/USD daily chart